§ 131A-34 – Commission approval for loan.
131A-34. Commission approval for loan. (a) Approval Required. – UNC Health Care shall not award a loan under the Program unless the Commission approves it. If the Commission enters an order denying the loan, the proceedings under this Article shall be at an end. (b) Conflict of Interest. – UNC Health Care must disclose to […]
§ 131A-35 – Award of loans; terms.
131A-35. Award of loans; terms. (a) Award. – Upon approval of the loan by the Commission, UNC Health Care shall execute the terms of the loan agreement. In adopting terms of the loan agreement, UNC Health Care may require changes to the governance structure of the eligible hospital. (b) Interest Rate and Maturity. – The […]
§ 131A-36 – Annual reports on the Rural Health Care Stabilization Fund.
131A-36. Annual reports on the Rural Health Care Stabilization Fund. (a) Requirement. – UNC Health Care shall publish a report each year on the Rural Health Care Stabilization Fund. The report shall be published by November 1 of each year and cover the preceding fiscal year. UNC Health Care shall make the report available to […]
§ 131A-20 – Officers not liable.
131A-20. Officers not liable. No member or officer of the Commission shall be subject to any personal liability or accountability by reason of his execution of any bonds or notes or the issuance thereof. (1975, c. 766, s. 1; 2019-240, s. 27.1(a); 2019-240, s. 27.1(a).)
§ 131A-21 – Tax exemption.
131A-21. Tax exemption. The exercise of the powers granted by this Article will be in all respects for the benefit of the people of the State and will promote their health and welfare. If bonds or notes are issued by the Commission to provide or improve a health care facility, then until the bonds or […]
§ 131A-22 – Conflict of interest.
131A-22. Conflict of interest. If any member, officer or employee of the Commission shall be interested either directly or indirectly, or shall be an officer or employee of or have an ownership interest in any firm or corporation interested directly or indirectly, in any contract with the Commission, such interest shall be disclosed to the […]
§ 131A-23 – Additional method.
131A-23. Additional method. The foregoing sections of this Article shall be deemed to provide an additional and alternative method for the doing of the things authorized thereby and shall be regarded as supplemental and additional to powers conferred by other laws, and shall not be regarded as in derogation of any powers now existing; provided, […]
§ 131A-24 – Liberal construction.
131A-24. Liberal construction. This Article, being necessary for the health and welfare of the people of the State, shall be liberally construed to effect the purposes thereof. (1975, c. 766, s. 1; 2019-240, s. 27.1(a), (b).)
§ 131A-25 – Inconsistent laws inapplicable.
131A-25. Inconsistent laws inapplicable. Insofar as the provisions of this Article are inconsistent with the provisions of any general or special laws, or parts thereof, the provisions of this Article shall be controlling. (1975, c. 766, s. 1; 2019-240, s. 27.1(a), (b).)
§ 131A-30 – Definitions.
131A-30. Definitions. The following definitions apply in this Article: (1) Commission. – The Local Government Commission established pursuant to G.S. 159-3. (2) Eligible hospital. – A health care facility located in a development tier one or development tier two area, as defined in G.S. 143B-437.08, that is unable to sustain operations for more than three […]